The NZDUSD awaits the bullish rebound– Analysis - 25-05-2020

2020-05-25 02:10:38 GMT (Economies.com)
 

The NZDUSD pair settles at the key support 0.6073 and keeps its stability above it, noticing that stochastic begins to overlap positively, waiting to resume the expected bullish trend for the upcoming period, which targets 0.6216 level mainly.

 

On the other hand, we should note that breaking 0.6073 and holding below it will stop the suggested rise and press on the price to decline towards 0.5958 initially.

 

The expected trading range for today is between 0.6050 support and 0.6160

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1299
-0.0032
0.2811%
1.2625
0.0118
0.9443%
Tadawul
7416.67
22.41
0.30%
18.683
0.337
1.834%
40.025
-0.210
0.522%
42.91
0.56
1.32%
1796.125
10.140
0.568%
 
 
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